Bihar agrees to implement Pradhan Mantri Fasal Bima Yojana

Posted on:12 Aug 2016 09:38:47

Bihar agrees to implement Pradhan Mantri Fasal Bima Yojana
12 August 2016 Current Affairs GK: Bihar Government has decided to implement the Pradhan Mantri Fasal Bima Yojana in the state on an experimental basis. About 50 lakh farmers, who had already taken the loan from banks, would benefit from the new scheme that has replaced the National Crop Insurance scheme. The last date for implementation of the scheme is August 15.

The  state government had made a plea before the centre to extend the financial support to meet the state share in this scheme. CM Nitish Kumar also wanted the centre to name the scheme as "Kendra-Rajya Fasal Bima Scheme" on the plea that the financial burden for implementing the scheme is shared by both the centre and the state. 

According to a press release, issue by the state's Public Information and Public Relation Department, state government is committed to continue its fight in the interest of farmers. It seems that Pradhan Mantri Bima Fasal Yojana aims more to serve the interest of insurance companies/banks than the farmers, Co-operative Minister Mehta told reporters. He added his government placed its plea before the centre which did not change its policy. State government has taken a decision to implement he scheme in the interest of farmers immediately on experimental basis in Kharif season .

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